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When detailing Belgavia Group’s next major projects at 366 W. Superior and 365-366 W. Erie in a recent report, Crain’s also mentioned that another Belgravia project on the Near North Side is seeing quite a bit of success since units officially hit the MLS a couple months ago.

Dubbed Segwick at Locust, the 45-unit luxury condominium development that’s replacing the old St. Dominic Roman Catholic Church, which has been vacant since 1990, already has 25 signed contracts out, with more sure to be on the way as the busy fall season approaches.

Officially announced back in April, it’s no surprise to see such fast movement at Sedwick at Locust considering downtown’s shortage of new construction condos. And given units there are priced in the mid $400,000 to

Although luxury apartments seem to still be dominating downtown Chicago’s development headlines, reports are now surfacing about two boutique condo buildings possibly in the works for 366 W. Superior and 365-366 W. Erie in River North.

As first reported by Crain’s, Chicago-based Belgravia Group has already acquired each property from the city for $8.66 million, and unlike many developers in the River North neighborhood who are still banking on the red hot rental market, those at Belgravia believe the condo market is about to make a strong comeback.

With nearly 3,000 apartment units having just been completed this year or currently under construction, the demand for new condos is overwhelmingly greater at this point—and that’s not even considering the